Tax Codes: How are they used?

Tax codes what your employer uses to work out how much tax to deduct from your pay. It is calculated by HM Revenue and Customs and sent to the company you work for. Tax codes are usually made up of three numbers and a letter and most people born after 5th April 1948, with one

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starting your own business

Tax: Am I paying the correct amount?

In the words of HM Revenue and Customs, ‘Tax doesn’t have to be taxing’. And they’re right. It pays to know how it works so here’s a quick guide: PAYE The UK’s Pay As You Earn system (PAYE) collects tax from us as our wages are paid in. We pay tax throughout the year rather

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